32/53 Balaclava Road, St Kilda East

Walking distance from the ever so popular Chapel Street, this first floor apartment is ready for all your renovating ideas. A blank canvas with a spacious feel throughout, this apartment enjoys separate entrance, spacious living area with large brick fireplace, separate kitchen area with an abundance of space and storage, two bedrooms with space for wardrobes, as well as a central bathroom. Perfectly placed in the unique atmosphere of St Kilda East, here is an opportunity to create a special apartment. This property is on Company Share Title, a form of property ownership represented by owning shares in a company that owns a property, but not represented by direct ownership of the property itself. Please note this property has a company share title. Prospective buyers who are borrowing to purchase this property should ascertain if they are able to obtain finance approval for this type of title. What is a company title? Below is an extract form the consumer affairs website Under company title, a property does not have a plan of subdivision but comprises a number of units. A company title corporation, established under the Corporations Act 2001, is the registered proprietor of the entire property (land and buildings). Buying shares in the corporation entitles each shareholder to exclusive use and occupation of a unit, and shared use of any common property.